BAGAKOAA; September 9, 2012 Shave And A Haircut, Profits

Post 710

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September/2012

Shave and a Haircut, PROFITS

 

Jack and my trainer had one more day off so, so did we.  I got him off to school and did a few little chores then got into the market.  More about that in a while.

 

I continued working on cleaning up the office.  It had become the last catch all in our house, at least upstairs.  As a result we had an eclectic group of crap (To clarify, not dog feces, just irrelevant stuff) in various piles around the office.

 

Now that I have the time, I like to go page by page and wonder how did they all get in the same stack.  For example, all in one stack I found a photo from the flood, a studio shot of my son in law, a receipt for photo scanning, blood results from one of our many lab visits, directions to a phone we stopped using before the flood, a bill from a horse Ferrier, lease instructions for a turnout we had built at the stables, a trip report from one of our regional managers from 2008, instructions to a microphone that went with a French Rosetta Stone software, merci beaucoup, just to name a few.

 

The problem is, if I were at my old job, I would go through decide what to keep and throw the rest out.  I can't do that because very few of these items are mine, yet I have taken the responsibility to clean the office.  What to do?

 

Needless to say there is still a stack of stuff that needs to be addressed.

 

We had a rainstorm today.  It was about 30 minutes long and it was a downpour with thunder and lightning.  Thunder and lightning are common occurrences in many parts of the world.  Around here, lightning and thunder are about as common as relevant decisions in Congress.  So I was standing in the garage with Devin and Jack and watched as our street begin to fill with water.

 

We were not worried but then we noticed every recycle bin in the neighborhood were floating down the street towards our driveway.  It was fun to watch until I realized I was going to be picking up about 500 pounds of recycling out of our driveway and yard.

 

Now the storm had been brewing a while and I had to run out in the rain to get the bins out of the emerging river.  As I did, there was a flash of light 1 2 Thunder.  Now Douglas will remember that once you see the light you count each second and divided by 5 and you can estimate how many miles away the strike was.  In this case, abut a half a mile away.

 

There I was in the gutter, soakin' wet, standing in water, and the next strike happened and I did not even get to one.  Into the garage I went with hair sticking up on the back of my neck.  Jack was there to catch some of the action.

 

After yet another shower (I find I shower more often now that I am retired.) Devin wanted to go out for Sushi.  I said I know a place with a lot of dead fish so this will work out fine.  We went to Saki Sushi and we enjoyed some Torro, Sea Bass sashimi, and a couple of rolls. 

 

Then Devin and I started talking about my athletic ability.  She explained that she though I was strong, but not athletic.  (Give a dog a bone, thanks.)  I immediately sent out 6 texts to people I know love and trust and asked, "Am I athletic?"

 

Mike D. was the first to reply by saying, "Good looking and approachable too."  (You stay in the will Mike.  Not you Ameel, you were out of town.

 

Ben, one of me dearest friends replied, "Say What?"  Obviously meaning that is a silly question as I used to play racquetball with him without having a stroke.

 

The rest are probably having reception problems with their cell phones.  I am sure they will be reply soon with supportive comments.  Anyway, its hard to get a guy down that was able to take some profit in the market, so lets see how we did.


I Read Therefore I Sold

 

I really cannot tell what made me want to take profit today.  Perhaps it was the fact that I have not seen so many green numbers in my portfolio for such a long time.  Perhaps it was the relatively high numbers in some of the indexes?  Perhaps I just got tired of watching a market waiting for either the Fed or the ECB to make a move to decide what to do. For what ever reason, I decided it was risk off day and took some decent profits (Not selling all out, just trimming the leaves a bit) in almost all holdings and in most portfolios.

 

Here a re few examples:

 

AAPL 12.1%

GOOG 10.2%

SYY 6.7%

BOFI 46.2%

AVL 31.9%

 

We did add to our position in INTC because they had a 2% drop today.  Their outlook is not bright for the first part of 2013, but long term, they have the cash and this is a bargain buy area.

 

We also picked up some nice dividend change from XOM and CVX.  All in all a good day for the bottom line and we will gladly pay taxes on the money even if it is at our prevailing rate.

 

As we mentioned the market was moribund for most of the day waiting to see if the ECB will get the support from Germany that it needs and to see if the FOMC will deliver the guarantee of QE III.  On a cautionary note, our guess with the consumer credit number was off, way off.  It was way down despite non-revolving credit being up a modest amount.  That is not a good sign as it indicates people are not spending.

 

Perhaps I felt like a buffalo today. 


 

Salve Lucrum

 

 

 

 

 

 

 

 

 

Brian Ireland
 
 
Since 7/26/2012
BAGAKOAA;

I am not a professional investment advisor. Anybody reading my blog and investing accordingly must be out of their minds. I have made more money than I have lost. There are many more qualified people than I to actually tell you how to invest your money.

BAGAKOAA=Boys And Girls And Kids Of All Ages

Salve Lucrum=Latin for Hurrah for Profit.

2012 Year Ending

Dow 13,073

S&P 500 1,358

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